The Future of the Trump Presidency: Whats Next for the American President?
The Future of the Trump Presidency: What's Next for the American President?
With Donald Trump's term as President of the United States coming to a close, many are wondering about the future. Will he complete his plans and impact on the nation, or will he face challenges before stepping down?
When Will Donald Trump No Longer Be President?
Donald Trump is still President of the United States of America until another president is sworn-in on 20th of January 2025 or until President Donald Trump is legally removed from office. This transition is not without its challenges and complexities, but there is a due process to follow for the declaration of a new president.
Trump's Strategic Plans and Business Empire
It is clear that Trump is a very organized man with significant plans for the remaining years of his presidency. Trump believes he needs a second term to fully implement his vision for the country, and he is confident that he can still make a substantial impact in 2024 if Joe Biden is declared the winner of the election.
His vast economic assets and resources will play a crucial role in his future plans. Trump's business empire, which comprises nearly 500 business entities, generates a combined revenue of 446.3 million in sales annually. Forbes estimates his net worth to be about 2.5 billion, and some estimates suggest that it could be even higher, around 3 billion.
Management of His Business Interests
Most of Trump's business empire is now managed or controlled by his two sons, Eric Trump and Donald Trump Jr. Eric is responsible for the management and operation of the global real estate empire, including new project acquisition and development, while Trump Jr. focuses on retail, commercial, hotel, and golf interests.
Additionally, Trump's youngest son, Barron, aged 14, is a talented soccer player and speaks several languages, including his mother's native language of Slovenian. This shows that Trump has been preparing his children to take over his business interests from a young age.
Taxing and Salary Details
Tax returns and salary details further highlight the complexity of Trump's financial situation. Contrary to popular belief, Trump's income does not come from his presidency. As the President of the United States, he receives a salary, which he is constitutionally obligated to accept. However, he began donating his salary quarterly in April 2017, with the first 100,000 going to the National Park Service, and subsequent donations going to various federal departments.
For example, in the last two quarters of 2019 and the first quarter of 2020, Trump donated his salary to the Department of Health and Human Services. The department is working on addressing issues designated by Trump for the funds, including the opioid crisis and COVID-19.
Conclusion
Despite the challenges and controversies, Trump is determined to leave a lasting impact on America. His belief in a second term and his vast business interests suggest that he remains a significant force in American politics and economics. Following his presidency, it is likely that he will seek to manage his business empire and potentially run for office again in 2024.
Stay tuned for more updates on the future of the Trump Presidency and its impact on the American nation.